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TK Home Solutions

Active
Public limited companyfounded 1984active for 41 yearsBuchtenstraat 9, 9051 Gent, BelgiumKBO/BCE: BE 0427.401.202
Summary

TK Home Solutions has been active since 1984 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €8.8m and a net result of -€5.0m. Equity remains stable across the filed financial years (±0.4% per year). Its solvency ranks better than 28% of 2,416 sector peers (NACE 43, financial year 2025). The computed 12-month bankruptcy probability is 1.3% (low).

Overview

Activity
Other construction installation
NACE 43240Manufacture of machinery and equipment not elsewhere classified NACE 28220
#10 employer in Ghent, Construction sector1 site
Size
€83.4mturnover 2025
Staff
76.1 FTE
Equity
€8.8m
Loss
-€5.0m
Financial health
54 Fair Checked score 2025
Bankruptcy probabilitywithin 12 months
1.3%
Structure
Parent
TK Elevator Netherlands Holding BV
Auditor: BV PwC BedrijfsrevisorenAccounts filed 110 days late1 of 37 deeds read
Why 54raises riskCapped at 59: a confirmed filing findingLoss of €5.0m, the second in a row (financial year 2025)Latest accounts 110 days late; 3 of the last 3 lateSector: Specialised construction activities (NACE 43)lowers riskSize: turnover €83.4m, 76.1 FTE, total assets €33.3mShow the evidence

Checked score

Score 2025
54 / 100
Fair
Probability in this band: 1.5% to 4.2%
Financially better than 29% of its sector peers (NACE 43, medium-sized)
A confirmed filing finding caps the score at 59. Every signal that counts is listed under Signals.
Financial strength · tick = 2024
Weak
Solvency 51-11
equity 26.4% of total assets
Liquidity 31-4
short-term debt 44.6% · cash 2.0%
Profitability 0-1
return on assets -15.0%
Bankruptcy probability, 12 months
1.3% Low
0%0.5%1.5%4%10%≥ 25%

About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.3% (243 companies, NACE 43, medium-sized)
Last 24 months 11-2024: 0.4%lowest value 12-2024: 0.4%● unchanged vs 11-2024 01-2025: 0.4%● unchanged vs 12-2024 02-2025: 0.4%● unchanged vs 01-2025 03-2025: 0.4%● unchanged vs 02-2025 04-2025: 0.4%● unchanged vs 03-2025 05-2025: 0.7%▲ +0.3 percentage points vs 04-2025 06-2025: 0.8%▲ +0.1 percentage points vs 05-2025 07-2025: 1.0%▲ +0.2 percentage points vs 06-2025 08-2025: 1.1%▲ +0.1 percentage points vs 07-2025 09-2025: 1.3%▲ +0.2 percentage points vs 08-2025 10-2025: 1.3%● unchanged vs 09-2025 11-2025: 1.2%▼ -0.1 percentage points vs 10-2025 12-2025: 1.2%● unchanged vs 11-2025 01-2026: 1.2%● unchanged vs 12-2025 02-2026: 1.2%● unchanged vs 01-2026 03-2026: 1.2%● unchanged vs 02-2026 04-2026: 1.3%▲ +0.1 percentage points vs 03-2026 05-2026: 1.5%▲ +0.2 percentage points vs 04-2026 06-2026: 1.5%● unchanged vs 05-2026 07-2026: 1.7%▲ +0.2 percentage points vs 06-2026 08-2026: 1.7%● unchanged vs 07-2026highest value 09-2026: 1.3%▼ -0.4 percentage points vs 08-2026 10-2026: 1.3%● unchanged vs 09-2026
Credit of up to €470,000 on 30-day terms, only on tighter conditions
Liquidity ample (current ratio 2.23, compared with 2.56 in 2024; short-term debt: 44.6% and cash: 2% of total assets), but 73.6% of the assets are financed with debt.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 43, medium-sized): better than 37% on solvency, 39% on liquidity, 2% on profitability and 38% on growth.

The bankruptcy probability was computed on 08-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Six signals.
−lowers risk+raises risk
raises risk · Loss of €5.0m, the second in a row (financial year 2025)
NBB · annual accounts
raises risk · Latest accounts 110 days late; 3 of the last 3 late
NBB · filings
raises risk · Sector: Specialised construction activities (NACE 43)
KBO
lowers risk · Size: turnover €83.4m, 76.1 FTE, total assets €33.3m
The company's size counts in the probability; how much depends on the rest of its profile.
NBB · annual accounts
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025
Net result per financial year
19202122232425
2019 to 2025 · latest year -€5.0m
raises risk · Filed more than 90 days late
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 18-08-2026, 110 days past the deadline. Measured on financial year 2023: of the companies more than 90 days late, 5.61% are now in a legal situation other than normal in the KBO (such as bankruptcy, liquidation or dissolution), against 1.66% of all filers.
NBB · 10 filings
Deviation from the deadline
2025
110 days late
2024
109 days late
2023
61 days late
2022
61 days late
2021
61 days late
2020
53 days late
2019
46 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 58 days after the deadline; the sector median (NACE 43) for financial year 2024 is 1 day before the deadline, and 43% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The financial year that closed on 30-09-2026 is due by 30-04-2027. Nothing is late today. The company usually files around 1 July (4 of the last 5 filed years within 47 days of that day).
Companies Code · seven months
Where today falls in the filing period
30-09-2026 year end09-10-2026 today30-04-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2025 · full…
  2. Appointment: BV PwC Bedrijfsrevisoren (statutory auditor)Gazette deed
  3. Annual accounts filedfinancial year 2024 · full…

Key points

  • Risk: 3 loss-making years in a rowloss financial year 2025 -€5.0m View
  • Caution: Among the weakest 5% on net resultsector median €41,630 · 2,416 companies -€5.0m View
  • Caution: Latest accounts filed lateafter the legal deadline 110 days View
  • Controlled by TK Elevator Netherlands Holding… parent View
  • Caution: Equity fell in 2025from €13.8m to €8.8m ▼ 36.3% View

By topic

Financials

Financial year
2025
Turnover
€83.4m
Loss
-€5.0m
Solvency
26.4%
Turnover▲ 9.2%
Net result
20192025
Go to Financials

Timeline

Events
45
Since
1986
Next accounts
by 30-04-2027
  1. 30-09-2024Weakest financial year
  2. 30-06-2024Annual accounts filed
  3. 30-06-2023Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Public limited company
Activity
Other construction installationNACE 43240
Founded
11-10-1984
Year ends
30-09
Peppol
Reachable for e-invoices
Go to Company details

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